For long now, Bitcoin has been taking its place as an accepted payment method at a growing number of online casinos. Now in Australia, there are a number of online casinos that accept deposits using Bitcoin, but what exactly is it? Well Bitcoin is what some say is the future of currency. Crypto-currency to be exact. Bitcoin is not governed by a bank or a central controller, rather by its users, and there is now well over $2 billion worth in digital circulation.

Is Bitcoin Worth it?

Say you want to make a deposit into your online casino account. For Australian Players that used to mean using a credit card, eWallet, bank transfer or something else bank-related. With bitcoin, depositing a single coin is currently worth $444 AUD, and with no transfer fees or exchange rates that means that players in Australia will see the exact same amount that was deposited in their online account.

How to get Bitcoins?

The Bitcoin works just like the most popular eWallets. Australian players can either purchase bitcoins at a Bitcoin exchange, exchanging coins with other Bitcoin users, or for the more savvy player by mining for Bitcoins, which is an entirely different way to make money.

Mining Bitcoins is a complex system in which people need to solve different stages of an algorithm in order to make money. Since the creator of Bitcoin basically made one of the most complex algorithms of all time, the system of Bitcoin mining is on going and some people even do it for a living.

Now that players down under can use Bitcoin to make deposits, a new Aussie audience will be getting into online gambling using crypto-currency.